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Amazon urges Sebi not to issue NOC for $3.4 bn Future-Reliance deal

The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to do the same

Topics
Amazon | SEBI | Future Retail

Peerzada Abrar  |  Bengaluru 



Amazon
The Delhi High Court (HC) on Wednesday served a notice on Future Retail (FRL), Reliance Retail, and the Biyanis, seeking their views on a plea by Amazon|(Bloomberg)

Equipped with the notice from the Delhi High Court, has sent another letter to the Securities and Exchange Board of India (Sebi), requesting it not to issue a ‘no-objection certificate’ (NOC) to the $3.4 billion Future Retail-Reliance Industries deal and suspend the review immediately. The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian to not to issue no-objection or approval letter to .

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First Published: Thu, January 14 2021. 20:15 IST

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